NOT LISTED FOR SALE

38151 Martins Way Ocean View, DE 19970

Estimated Value: $873,409

0.15 Acre
$5,822,727 Price per Acre
6,534 Sq Ft Lot

Last Sold October 29, 2020

Last sale price $150,000

Est. 482% increase in value since last sale

Current estimated payment $4,931/month

1,986 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Public Water Access
  • Canal View
  • Lord Baltimore Elementary School Rated A-
  • Lake Privileges
  • No HOA

About This Lot

As of October 2020

Canal Front lot located off the Cedar Neck Area outside the town limits of Ocean View. Park your boat at your back door. Just a short drive to Bethany's Beaches and Boardwalk.

Last Listed By

Shirley Price

Long & Foster Real Estate, Inc. Listed on: 02/03/2015

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,053

Year Built

  • 2023

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 51x131x50x129
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Cleared Lot
  • Property is zoned MR

Schools

  • Lord Baltimore Elementary School
  • Selbyville Middle School
  • Indian River High School

Utilities

  • Well Required
  • Public Hookup Available For Sewer

Additional Features

  • Canal Views
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-09.00-266.00

Community Details

Overview

  • No Home Owners Association
  • Martin Cox Dev Subdivision

Recreation

  • Public Water Access
  • Property is near a canal
  • Lake Privileges

Property Details

Property Type

Land

Est. Annual Taxes

$1,053

Year Built

2023

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: Canal Front lot located off the Cedar Neck Area outside the town limits of Ocean View. Park your boat at your back door. Just a short drive to Bethany's Beaches and Boardwalk.
  • Special Features: None
  • Year Built (Public Record): 2023

Interior Features

  • Price Per Sq Ft: 22.96
  • Street Number Modifier: 38151

Exterior Features

  • Construction Completed: No
  • View: Canal
  • Water Access Features: Public Access
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Sewer System, Public Hook/Up Avail
  • Water Source: Well Required

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Water/Lake Privileges
  • HOA: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: LORD BALTIMORE
  • Middle School: SELBYVILLE
  • High School: INDIAN RIVER
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396898
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Additional Parcels: No
  • Crops Included: No
  • Lot Features: Cleared
  • Lot Size Acres: 0.15
  • Lot Dimensions: 51x131x50x129
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Zoning: MR
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5126907
  • Assessor Parcel Number: 134-09.00-266.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Close Date: 10/29/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2023
Sold by
Sakowski Stanley J and Sakowski Cindy J
Bought by
Sakowski Family Revocable Trust and Sakowski
Total Days on Market
1986
Current Estimated Value
$873,409

Purchase Details

Listed on
Feb 3, 2015
Closed on
Oct 7, 2020
Sold by
Murray Theresa E and Cooper Bonnie L
Bought by
Sakowski Stanley J and Sakowski Cindy J
Seller's Agent
Shirley Price
Long & Foster Real Estate, Inc.
Buyer's Agent
Cindy Sakowski
Keller Williams Realty
List Price
$188,000
Sold Price
$150,000
Premium/Discount to List
-$38,000
-20.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.80%
Original Mortgage
$135,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 24, 2015
Sold by
Revocable Trust Agreement Of James L Mur
Bought by
Theresa Elizabeth Murray Irrevocable Tru

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sakowski Family Revocable Trust -- None Listed On Document
Sakowski Stanley J $150,000 None Available
Theresa Elizabeth Murray Irrevocable Tru -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sakowski Family Revocable Trus $250,000
Previous Owner Sakowski Stanley J $460,000
Previous Owner Sakowski Stanley J $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $150,000 0.0% --
08/12/2019 08/12/19 Price Changed $150,000 -20.2% --
10/30/2018 10/30/18 For Sale $188,000 0.0% --
01/23/2018 01/23/18 Price Changed $188,000 -16.4% --
02/03/2015 02/03/15 For Sale $225,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,053 $5,200 $2,500 $2,700
2023 $388 $5,200 $2,500 $2,700
2022 $385 $5,200 $2,500 $2,700
2021 $378 $5,200 $2,500 $2,700
2020 $365 $5,200 $2,500 $2,700
2019 $364 $5,200 $2,500 $2,700
2018 $366 $5,200 $0 $0
2017 $198 $5,200 $0 $0
2016 $344 $5,200 $0 $0
2015 $350 $5,200 $0 $0
2014 $347 $5,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shirley Price

    Seller's Agent in 2020

    Shirley Price

    Long & Foster

    (302) 541-5211

    38 in this area

    122 Total Sales

    Shirley Price
    Section Image
  • DEBORAH COBB

    Seller Co-Listing Agent in 2020

    DEBORAH COBB

    Long & Foster

    Section Image
  • Cindy Sakowski

    Buyer's Agent in 2020

    Cindy Sakowski

    Keller Williams Realty

    (302) 745-2053

    4 in this area

    75 Total Sales

    Cindy Sakowski
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001565504

Bright MLS

APN: 134-09.00-266.00

Delaware Sussex County Ocean View 19970

38151 Martins Way, Ocean View, DE

Homes for Sale in Ocean View, DE

This home is located at 38151 Martins Way, Ocean View, DE 19970 since 03 February 2015 and is currently priced at $873,409. This property was built in 2023. 38151 Martins Way is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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